Finance & Insurance; F&I Manager

Position: Finance & Insurance (F&I) Manager
About the Organization
Hello and thank you for considering a career with Bomnin Automotive! We are a family-owned and operated business that has been delivering excellence in the automotive industry since 2010. Our team is passionate about creating a diverse environment where all of our associates are supported and can build rewarding careers.

At Bomnin Automotive, we take pride in offering our associates extensive benefits and a culture that is geared towards providing them with vast growth opportunities. We believe in doing what's right for our associates, which is why we offer medical benefits with employer-paid contribution, dental, gap, vision, disability, cancer insurance, life insurance, and a retirement plan 401(k) with an employer match.

We also offer PTO, paid holidays, and a flexible schedule to ensure that our associates have a healthy work-life balance.

In addition to our commitment to our associates, we are also passionate about giving back to our community. Our mission is not just about selling cars, but in providing hope, love, and strength to our community. Throughout the years we have supported causes in search for a cure to pediatric cancer; we have partnered with local non-profits that serve the under-privileged;

and donated time and resources to schools, charitable organizations, and causes that are relevant and important to each of the community's we represent.

We are proud of our team and the work that we do, and we hope that you will consider joining us in our mission to deliver excellence in the automotive industry and make a positive impact on the community.

EOE Statement
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.

Description

Position Title:
Finance & Insurance (F&I) Manager

Employment Status: Full-Time (Exempt)

Reports To: Finance Operations Director, COO

Job Summary:

As the Finance & Insurance (F&I) Manager at Bomnin Automotive, you will be responsible for overseeing the financial aspects of vehicle sales transactions.

Your role will involve working closely with customers to secure financing, selling additional F&I products, and ensuring compliance with all legal and regulatory requirements. You will play a vital role in helping our customers secure the best financing options and protect their automotive investments.

Key Responsibilities:

Financial Sales:

• Meet with customers to discuss their financing and insurance needs.
• Present financing options and additional F&I products to customers in a clear manner.
• Assist customers in completing financing applications and securing approval.
• Provide expert guidance on F&I products, including extended warranties, service contracts, and insurance.

Compliance and Documentation:

• Ensure that all financing and insurance transactions are conducted in compliance with state and federal laws and regulations.
• Maintain accurate and complete records of all F&I transactions.
• Review and explain all financing and insurance paperwork to customers, ensuring they understand the terms and conditions.

Customer Service:

• Build rapport with customers and establish trust to facilitate the F&I process.
• Address customer questions and concerns regarding financing and insurance options.
• Provide exceptional customer service throughout the sales process.

Team Collaboration:

• Collaborate with the sales team to streamline the sales process and enhance the customer experience.
• Communicate effectively with the Finance Operations Director and other departments to ensure smooth operations.

Product Knowledge:

• Stay informed about the latest F&I products and financing options.
• Attend training and professional development programs to enhance knowledge and skills.

Performance Metrics:

• Meet or exceed sales targets and financial goals established by the dealership.
• Monitor and report on key performance indicators related to F&I activities.

Position Requirements

Requirements:

• Proven experience as an F&I Manager in the automotive industry.
• Strong knowledge of financing options,…